Bowen Coking Coal Ltd. appointed Mr. Daryl Edwards as Chief Executive Officer (CEO), effective immediately. The former CEO, Mr. Mark Ruston will be available to assist the Company through to his completion date of 25 May 2024 following his resignation to pursue other interests. Mr. Edwards has served as the Company's Chief Financial Officer since October 2020 where he has been instrumental in navigating the Company from explorer through the startup phase and into production.

His significant senior management experience across coal operations and financing has delivered marked improvements in the Company's cost control and reporting. He was also responsible for sourcing and negotiating the equity and debt funding required for the Company, including the recent refinancing arrangements, to become one of Queensland's newest coking coal producers. Daryl is a seasoned mining and finance professional with a proven track record in coal project development, finance, and operations.

He is across every part of our business in detail and is highly motivated to transition Bowen to the next stage as a significant and profitable independent Queensland coal producer. Mr. Edwards is a Chartered Accountant with over 25 years' experience in the mining and manufacturing industries. He has held various executive positions including CEO of private Australian coal explorer Pioneer Coal, and CFO and Head of Corporate Development for Universal Coal plc for over seven years, where he managed the commercialisation of the 4Mpta Kangala Colliery and the 3.3Mtpa New Clydesdale Colliery.

Previously, Mr. Edwards was CFO at Asenjo Energy.